KDF okays partial sale of Uchumi Kasarani property

Business Daily | by Otiato Guguyu

The Kenya Defence Forces has allowed Uchumi Supermarkets to sell part of the disputed Kasarani land to Jewel Complex for Sh400 million as the retailer seeks to unlock working capital.

The military, which moved into Uchumi’s 20-acre piece of land in Kasarani, gave the retailer the green light to conduct a valuation on three acres of the property but has continued to place a caveat on 17 acres…

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